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I think NPS is a better option in the long run. Under the new tax regime, up to 14% of your basic salary can be contributed to NPS through the employer, whereas under the old regime it was limited to 10%.
EPF interest is not market-linked; the government decides the interest rate. That has both advantages and disadvantages. Personally, I think the EPF interest rate may gradually decline over the long term.
Instead of investing additional money in VPF, I would prefer investing it in mutual funds for potentially better long-term returns.
As for choosing between the old and new tax regimes, it depends on your situation. If you claim deductions like HRA, home loan interest, etc., the old regime may be more beneficial. If you don’t have significant deductions, the new regime is generally a better choice.